Resource Revenues definition

Resource Revenues means the sum of Mineral Revenues, Oil and Gas Revenues, and Water Revenues due to and received by the GNWT through this Agreement as a result of the Commissioner’s administration and control of Public Lands and rights in respect of Waters and the Xxxxxx Xxxxx Royalty paid to the GNWT pursuant to section 3.51 minus any Settlement and Land Claim Agreement Payments paid or payable in respect of such revenues, but does not include amounts in respect of:

Resource Revenues means all revenues and taxes to [general government] associated with the exploitation of natural resources, including petroleum revenues as defined in the PFM Act.

Resource Revenues means Forest Revenues, Mineral Revenues, Land Revenues and Water Revenues derived by the YTG through this Agreement as a result of the Commissioner’s administration and control of Public Land and rights in respect of Waters.

Examples of Resource Revenues in a sentence

• Sources of Nonrenewable Resource Revenues in Alberta, 2004–2005 Bonuses and sales ofCrown leases12.3%Rentals and fees 1.6%Coal royalty 0.1%Synthetic crude oil and bitumen royalty 6.9% Crude oil royalty 12.4% Natural gas and by-product royalty66.7% Source: Province of Alberta Budget (2005).

• Collier et al., ―Managing Resource Revenues in Developing Economies‖ (January 2009): http://users.ox.ac.uk/~econpco/research/pdfs/ManagingResourceRevenuesinDevelopingEconomies.pdf.Box 1.

• Cameroon’s 2002 Mining Code allocates 75 percent of mineral royalties to the central government and 25 percent to local authorities, while its 1999 Forestry Law evenly splits logging royalties between the local and national governments.7Table 2: Laws Governing the Management of Natural Resources and Resource Revenues in Selected African Countries Country 7 Brosio and Singh, 2013.

• Internal Control and Audit of Resource Revenues 3.3.3 Internal control and audit procedures for handling resource revenue receipts through government accounts or special fund arrangements and any spending of such receipts through special funds are clearly described and disclosed to the public.

• Adapted from, Andrew Bauer, Paul Shortell and Lorenzo Delesgues, Sharing the Wealth: A Roadmap for Distributing Myanmar’s Natural Resource Revenues (Natural Resource Governance Institute, February 2016), pp.30-32.

• Public Availability of Information Budget Documentation of Resource Revenues and Spending 2.1.1 All resource revenue-related transactions, including through extrabudgetary funds, are clearly identified, described, and reported in the budget process and final accounts documents.

• As we will discuss in that section, Fiscal Reliance on Resource Revenues does not perform much differently in those regressions from other popular measures of resource dependence that are not centered on the resource rents that enter states’ coffers.

• Matthias L., “Stabilization and Savings Funds to Manage Natural Resource Revenues: Kazakhstan and Azerbaijan versus Norway”.

• Andrew Bauer, Paul Shortell, and Lorenzo Delesgues, Sharing the Wealth: A Roadmap forDistributing Myanmar’s Natural Resource Revenues (Natural Resource Governance Institute, February 2016), pp.18-19.

• Fiscal Policy and Resource Revenues 3.1.1 The budget framework incorporates a clear policy statement on the rate of exploitation of natural resources and the management of resource revenues, referring to the government’s overall fiscal and economic objectives, including long-term fiscal sustainability.